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Economy News

PAGE 21

Boosting the economy

The first part of India’s ₹20 lakh crore economic package was announced on Wednesday — the second, if one factors in the relief to the poor and marginalised announced in late March, and the Reserve Bank’s announcements in March and April — and it provides some indications on what the government hopes to achieve.

Updated on May 13, 2020, 9:35 PM IST

Special Covid package has 6 MSME reforms to power PM Modi’s reliant India mantra

The finance minister while announcing the reforms claimed the changes were aimed to make the Indian economy self-reliant.

Updated on May 13, 2020, 7:45 PM IST

Mega Covid 19 relief package: Income tax returns for 2019-20 can now be filed until November

Nirmala Sitharaman announced 15 relief measures on the first day of a series of announcements totalling up to Rs 20 lakh crore, which will be made over the next few days.

Updated on May 13, 2020, 6:18 PM IST

Nirmala Sitharaman Press Conference: ₹9250 crore relief for provident fund contributors

Union finance minister Nirmala Sitharaman announced an economic package on Wednesday

Updated on May 13, 2020, 5:28 PM IST

PM Modi announces stimulus package of ₹20 lakh crore for Covid-hit economy. Read full speech text here

Indians watch a televised address to the nation by Prime Minister Narendra Modi in Hyderabad, India.

Published on May 12, 2020, 11:57 PM IST

KCR opposes passenger trains, Jagan bats for restoring public transport

Telangana Chief Minister K Chandrashekhar Rao at Prime Minister Narendra Modi’s video conference with chief ministers on Monday.

Updated on May 11, 2020, 8:02 PM IST

Rahul Gandhi offers Centre 8 point remedy for Covid-battered economy

Rahul Gandhi also held a press briefing to offer his assessment of government’s handling of the coronavirus outbreak.

Updated on May 8, 2020, 6:12 PM IST

A blueprint to restart the economy| Analysis

In the six weeks so far, India’s economy has functioned at about half of its full activity level, with over 140 million non-farm workers inactive (of a total of 262 million)

Published on May 6, 2020, 7:52 PM IST

To restart the economy, identify the recovery foundation workforce| Analysis

The Indian economy has many moving parts, of which migrant workers constitute a significant component

Published on May 5, 2020, 6:43 PM IST

Canada’s economy is in recession due to Covid-19 impact: Report

This sobering announcement came as the country recorded over 55,000 Covid-19 cases with 3,391 deaths.

Updated on May 2, 2020, 12:32 PM IST

Panel submits Rs 111 lakh crore plan to revive economy

The summary report for 2019-25 was released by FM Nirmala Sitharaman on December 31.

Published on Apr 30, 2020, 6:03 AM IST

Rahul, former RBI chief Rajan to hold talk on economy

Rahul Gandhi and Raghuram Rajan discuss solutions that may be viable in the post-Covid world, the second functionary added, with the primary issue being the economy of the country.

Updated on Apr 30, 2020, 1:59 AM IST

‘Can’t have lockdown of people, lockout of economy’: Kapil Sibal to govt

Prime Minister Narendra Modi is set to hold another meeting with chief ministers on Monday as the country enters into the last week of lockdown. (HT Photo)

Updated on Apr 25, 2020, 2:36 PM IST

Covid-19 update: BJP calls for new manufacturing policy to revive economy

The BJP has collated a report suggesting the way out of the current economic crisis caused by the Covid-19 pandemic

Updated on Apr 24, 2020, 6:07 AM IST

Team of scientists begin work on ways to revive Indian economy after Covid crisis

A white paper is being prepared on ways to revive the Indian economy in the post-coronavirus scenario.

Updated on Apr 21, 2020, 10:35 PM IST

Centre opens job avenue for migrant workers, bars inter-state movement of labourers

Labours carry sacks of rice from a Food Corporation of India (FCI) warehouse to trucks for transportation for distribution in villages, during lockdown in Patna.

Updated on Apr 19, 2020, 5:21 PM IST

Coronavirus Latest: ‘Do not to lay off, cut pay if needed’, KTR tells businesses

KT Rama Rao has advised firms to cut salaries if needed but not sack employees due to losses incurred in the times of Covid outbreak.

Updated on Apr 18, 2020, 10:29 PM IST

Chinese economy takes massive Covid-19 hit, shrinks first time in decades

Reports said it was the first time that the Chinese economy had contracted since the Cultural Revolution, which ended in 1976.

Published on Apr 17, 2020, 2:24 PM IST

‘In the midst of darkness light persists’: RBI governor quotes Mahatma Gandhi

Reserve Bank of India (RBI) Governor Shaktikanta Das

Updated on Apr 17, 2020, 10:29 AM IST

China, Europe show restarting coronavirus-hit economies not easy

Some Chinese cities tried reassuring consumers by showing officials eating in restaurants.

Updated on Apr 16, 2020, 1:03 PM IST

China’s economy shrinks for the first time in decades: Survey

The IMF said the pandemic will cut world output by 3% this year. Economists differed on the impact of the coronavirus on China’s economy, with first-quarter contraction estimates ranging from 4.6% to 15 %.

Updated on Apr 16, 2020, 6:51 AM IST

IMF says India to grow at 1.9% in 2020; world -3%

The severe disruption to economic activities by Covid-19, both through demand and supply shocks, has overtaken the incipient recovery in the Indian economy leading to massive job losses.

Updated on Apr 15, 2020, 7:46 AM IST

India Inc backs lockdown extension call, seeks stimulus package to rebuild economy

People are seen sitting in front of a closed shop as Police personnel looks on on day nineteen of the 21-day nationwide lockdown to check the spread of coronavirus in Jaipur.

Updated on Apr 14, 2020, 1:37 PM IST

World heading to biggest economic crisis since the Great Depression, warns IMF

A massive global economic downturn is at our doorsteps which will require massive intervention by governments, says IMF

Updated on Apr 9, 2020, 6:30 PM IST

The silver lining in the Indian economy

The fear of a big-three cartel emerging to resurrect oil prices are overblown. The only silver lining, amid the darkness over the Indian economy, is that crude prices have crashed, offering the country billions of dollars in savings

Published on Apr 5, 2020, 4:59 PM IST

Lockdown effect: Haryana’s economy to take a hit

HT Image

Updated on Mar 31, 2020, 10:03 PM IST

Rahul Gandhi writes to PM cautioning against the impact of prolonged lockdown

Congress leader Rahul Gandhi has written to PM Narendra Modi with suggestions to deal with the impact of coronavirus

Updated on Mar 29, 2020, 3:42 PM IST

IMF chief says global economy has clearly entered recession

IMF Managing Director Kristalina Georgieva (L) speaks at a press briefing with World Bank Group President David Malpass on COVID-19 in Washington.

Updated on Mar 28, 2020, 12:49 AM IST

Covid-19 will devastate the economy. Buckle up, writes Praveen Chakravarty

The coronavirus is no longer just a Chinese problem, but a global one. India’s crisis is no longer just an economic one, but a health crisis too

Published on Mar 18, 2020, 6:37 PM IST

Indian stocks extend fall as coronavirus threatens fragile economy

India NSE Volatility Index, the stock market’s fear gauge, is hovering around levels not seen since 2008, signaling market turbulence will likely persist.

Updated on Mar 16, 2020, 3:55 PM IST

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